Getting paid while you wait is rarely a bad thing, especially in this stock-market environment. The stocks on our list today were selected for its attractive dividend yield, in addition to the Company’s ability to generate positive operating cash flow – providing some security about future dividend distributions.
Chorus Aviation Inc. (TSX: CHR.B) – $5.30
Airlines
Chorus Aviation Inc. (Chorus) is a Canada-based dividend-paying holding company with various aviation interests, including Jazz Aviation Holdings Inc. (JAH) and Chorus Aviation Holdings Inc. (CAH). JAH holds all of Chorus’ business interests associated with a capacity purchase agreement (CPA) with Air Canada, which includes Jazz Aviation LP (Jazz Aviation), Jazz Aircraft Financing Inc. (JAFI), and Jazz Leasing Inc. (JLI).
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Market Cap: $655,988,528
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Price Change (52 weeks): 9.6%
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Dividend Payout (LFQ annualized dividend): 8.9%
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Cash from Operating Activities: $58,731,000
Exchange Income Corp. (TSX: EIF) – $23.25
Airlines
Exchange Income Corporation is a Canada-based diversified company, focused on acquisition opportunities in the industrial products and transportation sectors. The Company operates through two segments, Aviation and Manufacturing. The Aviation segment provides airline services to communities in Manitoba, Ontario and Nunavut. In addition, with the acquisition of Regional One, the Aviation segment is a provider of aircraft and engine aftermarket parts to regional airline operators around the world. The Manufacturing segment consists of metal manufacturers in markets throughout Canada and the United States.
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Market Cap: $651,528,789
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Price Change (52 weeks): 4.1%
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Dividend Payout (LFQ annualized dividend): 7.3%
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Cash from Operating Activities: $67,974,000
Bird Construction Inc. (TSX: BDT) – $11.73
Construction & Engineering
Bird Construction Inc. (Bird) operates as a general contractor in the Canadian construction market. The Company focuses primarily on projects in the industrial, commercial and institutional sectors of the general contracting industry. In the industrial sector, Bird constructs industrial buildings and performs civil construction operations, including site preparation, concrete foundations, underground piping and earthwork for clients primarily operating in the oil and gas and mining businesses. In the commercial sector, Bird’s operations include construction and renovation of shopping malls, big box stores, office buildings and selected high rise condominiums and apartments. In the institutional sector, Bird constructs hospitals, schools, prisons, courthouses, government buildings and retirement facilities.
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Market Cap: $488,518,641
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Price Change (52 weeks): 11.6%
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Dividend Payout (LFQ annualized dividend): 6.6%
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Cash from Operating Activities: $35,145,000
EnerCare Inc. (TSX: ECI) – $15.30
Personal Services
EnerCare Inc. is a Canada-based company, which provides home services and is engaged in the sub-metering business. The Company has two segments: Home Services and Sub-metering. Its Home Services segment is engaged in the provision of water heaters, furnaces, air conditioners, and other heating, ventilation and air conditioning (HVAC) rental products, protection plans and related services. Through its subsidiary, EnerCare Solutions, it operates the Home Services business. Home Services’ protection plans are maintenance protection plans and full service protection plans. Its other category includes services, such as duct cleaning, plumbing work and non-contracted chargeable services. Its Sub-metering segment is engaged in the provision of sub-metering equipment and billing services.
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Market Cap: $1,342,422,826
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Price Change (52 weeks): 6.9%
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Dividend Payout (LFQ annualized dividend): 5.7%
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Cash from Operating Activities: $107,767,000
Sienna Senior Living Inc. (TSX: SIA) – $14.84
Healthcare Facilities & Services
Sienna Senior Living Inc., formerly Leisureworld Senior Care Corporation, is a Canada-based company that owns seniors housing and provides long-term care in Ontario. The Company operates approximately 35 long-term care (LTC) homes, one independent living (IL) residence and over 10 retirement residence (RR) communities. Its segments include Long-Term Care, Retirement and Independent Living Residence, Home Care and Management Services.
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Market Cap: $554,494,339
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Price Change (52 weeks): 5.8%
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Dividend Payout (LFQ annualized dividend): 5.9%
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Cash from Operating Activities: $32,543,000
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